Common use of Mortgage Priority Clause in Contracts

Mortgage Priority. This lease shall not be a lien against the Premises with respect to any mortgages that may hereafter be placed upon said premises. Such mortgage or mortgages will have preference and be superior and prior in lien to this lease, irrespective of the date of recording. The Tenant will execute any instruments without cost, which may be deemed necessary to further effect the subordination of this lease to any such mortgages. A refusal by the Tenant to execute such instruments within fifteen (15) days of receipt is a default under this Lease.

Mortgage Priority. This lease Lease shall not be a lien against the Premises with respect to any mortgages that are currently or may hereafter be placed upon said premisesthe Premises. Such mortgage or mortgages will shall have preference and be superior and prior in lien to this leaseLease, irrespective of the date of recordingrecording of such mortgages. The Tenant will shall execute any instruments instruments, without cost, which may be deemed necessary to further effect the subordination of this lease Lease to any such mortgages. A refusal by the Tenant to execute such instruments within fifteen (15) days of receipt is a default under this Lease.

Mortgage Priority. This lease shall Lease will not be a lien against the Premises with respect to any mortgages that are currently or may hereafter be placed upon said premisesthe Premises. Such mortgage or mortgages will have preference and be superior and prior in lien to this leaseLease, irrespective of the date of recordingrecording of such mortgages. The Tenant will execute any instruments instruments, without cost, which may be deemed necessary to further effect the subordination of this lease Lease to any such mortgages. A refusal by the Tenant to execute such instruments within fifteen (15) days of receipt is a default under this Lease.